Teambrella

4.0/5.0

Teambrella is a peer-to-peer alternative to insurance. Teambrella platform is already live. Opensource iOS and Android apps. The members of pilot teams already cover their pets, bikes, and cars in Argentina, Peru, Germany, the Netherlands, Russia, and the USA. Teambrella's VC investor, Shanda Group is the largest shareholder of Lending Club. Addressable market - $3 trillion.

About Teambrella

There is a conflict of interest between insurance companies and policyholders. We propose a way to solve this issue by implementing a system that provides peer-to-peer coverage. Peers have mutual control on most aspects of their coverage, such as risk evaluation and processing of payments. The mutual control is implemented via a voting mechanism that can be delegated to proxies. To ease the burden of payments between peers, we use a blockchain as a mean of providing coverage and payment of reimbursements.